Fx-Experts Managed Accounts

Fx-Experts has finally released their managed account (MA) option to the general public. Investors can now open their own forex trading account with an independent broker and have the Fx-Experts trader (Hermann Greb Netto) trade their account. The minimum investment is $25,000 USD and any inquiries for such an account can be made at the new section of the Fx-Experts' site.

The new MA's will not effect investors who want to get into the pooled accounts, with a minimum investment of $100. The pooled accounts are still open as per usual and will continue to be traded under Herman.

The following is a quote from the admin of Fx-Experts which details the traders accomplishments and provides a resume. Herman trades both the pooled and MA operations for Fx-Experts.

(note: The author of this resume is a Brazilian native and therefore his first language is Portuguese, not English)

"Hermann Greb Netto started trading FOREX market since 2002. He was introduced to Forex and his system by his cousin who lives in Bonn, Germany. He soon started to trade his own capital. At first he was having some challenges, but he continued to learn about the markets. Over time, his skills improved and he developed his own strategy which he is still using today.
Once he felt comfortable with his trading abilities, he started to trade with his father´s and brother´s money. In July of 2003 he began to manage his friends account. Soon thereafter he took on some other clients who were impressed with his performance. At the beginning of 2004 he started to operate a financial company in Brazil. Now he is trying to use his trading skills and past performance records to expand his client base around the world.

Courses

Technical Analysis and fundamental
Consideration to trade with solid strategies
Department of Economics University of Bonn –
Germany
Teacher/Trader: Thomas Luxsmann
February/2002 and April/2002

Technical Analysis and fundamental
http://www.forexcourse.com/forex-seminars.html
Workshop and Seminar - USA
Los Angeles California
Teacher/Trader: Peter R. Bain
June/2003

Technical Analysis, fundamental and
Intra-day technical trading
http://www.traderbrasil.com/cursos.htm
Rio de Janeiro - Brazil
Teacher/Trader: Flávio Lemos
October/2003

Technical Analysis and application of solid
and sustainable trading strategies.
http://www.leandrostormer.com.br
Sao Paulo - Brazil
Teacher/Trader:
Leandro Ruschel e Alexandre Wolwacz
November/2005"

Free Gold

The way gold was dropping in price it wasn't going to be long before we saw bank staff handing out gold on street corners trying to clear space in their vaults :)

As you have probably noticed, the gold price has been in sharp decline for the last month or so after a peak in mid May when it reached $730 USD per ounce. From $730, the price proceeded to drop almost $200 to the mid $500 per ounce mark at rate of sometimes $40 per day. It has since stabilised after bouncing back to a small extent recently and now sits on $578 USD per ounce.

Hopefully the majority of you avoided any significant losses resulting from the rapid devaluation. Other than the threat of your e-gold balance taking a dive, a serious concern would be the effect the price drop has had on any programs you might be involved with. Due to e-gold being the dominant payment processor with these programs, most, if not all, hold a significant amount of funds in e-gold accounts to pay investors return on investment. While the majority of funds should be in trading accounts (assuming the program does trade) often 10's of thousands of dollars are kept in e-gold, which would mean thousands of dollars have been subtracted from those balances over the last month or so. Although the drop will effect the ponzi and scam operations much more than it will the legitimate programs, any loss or subtraction of funds is undesirable.

I don't expect any of the more solid enterprises to be heavily effected, however, I wouldn't be surprised if a few major ponzi investment programs and auto-surfs have been derailed.

Joyfund

Some of you noticed that a recent addition was made to the program list here on Investment Trust. The new program, Joyfund, is certainly an interesting prospect, and is worth some further attention.

Joyfund is a well verified operation that offers approximately %30 per month through commodity option trading. Public account positions were made available in April and the minimum investment to obtain one is USD$1,000. Investments are made via e-gold and there is a three month holding period on initial investments. There was previously an auto-forex investment option, however, this has been discontinued.

Joyfund's legitimacy has been well established through live trading analysis audits by my friend Rabbit (read Rabbit's review of Joyfund here), and will undergoe future regular audits by a professional independent auditing body. Another friend of mine who resides in the same country as the admin of Joyfund, Spain, only a few kilometers away, recently proposed an in-person meeting. Arnaud, the admin, was willing to accept any kind of in-person meeting with my friend, and such a meeting should take place once both parties can find enough time to do so. Arnaud also accepted an in-person meeting with a Spanish HYIPD member, Shandil, which should take place in early July. Although both meetings are yet to be carried out, the fact that Arnaud accepted both willingly provides a certain level of authenticity by the admin. Hopefully one of the meetings will be carried out soon, and it can be added to the already substantial list of verifications.

The following is the synopsis provided by Joyfund on its own operation:

"Joyfund's unique objective is to offer investment opportunities based exclusively on actual trading.
Comparable funds like Hedge Funds in such configuration ask for a minimum investment of $50,000-$1,000,000 (if you want to have a look).
In order to bring high returns to small to medium investors, we have to face an administrative hurdle that does not facilitate trading. But as we strongly believe in providing to everyone what only a few can supposedly afford, we will manage, with your help, such administration.

Joyfund will provide you with several long term investment opportunities (based on real trading!). Each time one of its funds reaches the 1.5 - 2M$ capital (such amount is needed in order to justify the implied increased costs), several events will take place:

* It will be branched out to a new entity,
* Shares will be issued to investors proportionally to their investments,
* Costs will be rationalized toward a lower burning rate and thus a higher profit share for investors,
* An internationally recognized external audit will be hired,
* The fund will be opened to high worth investors thus increasing fund's long term reliability,
* Money Management rules will change to enhance capital preservation."

There is an active and very informative discussion on Joyfund at HYIPD, where the admin partakes in the discussion frequently:

http://www.hyipdiscussion.com/private-hyips/20886-joyfund-info.html

www.Joyfund.info